Plan Ledger DOL Form 5500 · updated monthly

Koorsen Fire & Security, Inc.401(k)

KOORSEN FIRE & SECURITY, INC. 401(K) PLAN · INDIANAPOLIS, IN · plan year 2024

Reported admin expense ratio · 2024
0.11%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Koorsen Fire & Security, Inc. reported $52,346 in plan administrative expenses for 2024: 0.11% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,900 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.09% to 0.11%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 273rd-largest of 1,562 plans among Indiana employers on file, and the 412th of 3,341 in other services. In 2024, employees put in $1.75 for every $1.00 the employer contributed; active participation has grown from 1,143 to 1,419 since 2022.

Plan summary
Net assets, end of year$52,795,184
Participants with balances2,014
Active participants1,419
Employer contributions$2,696,681
Employee contributions$4,715,280
Employer contribution per active participant$1,900
Average account balance$26,214
Benefits paid to participants$3,292,227
Plan auditUnmodified (clean) audit opinion
AuditorDONOVAN PC
Plan history3
Yearassets · accounts · employer contribution
2024$52.8M · 2,014 accts · $2.7M emplr
2023$42.5M · 1,896 accts · $2.1M emplr
2022$33.6M · 1,632 accts · $1.4M emplr
The Koorsen Fire & Security, Inc. 401(k) match · 2024
Employer contribution per active participant$1,900
Median for plans this size$2,416
2024$1,900 per active participant
2023$1,533 per active participant
2022$1,211 per active participant

Koorsen Fire & Security, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
NATIONWIDE · Recordkeeping · Other services$90,204
AMERICAN PENSION ADVISORS, LTD. · Claims processing · Recordkeeping$49,663

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024AMERICAN PENSION ADVISORS, LTD., Nationwide
2023AMERICAN PENSION ADVISORS, LTD., Nationwide

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$52,346 · 0.11%
2023$38,317 · 0.10%
2022$32,453 · 0.09%
Same employer
Similar plansOther Services · Indiana
Flanders Electric Motor Svc IN$47.6M · 0.34%
Church World Service Inc. IN$45.1M · 0.21%
Regenstrief Institute, Inc. IN$33.6M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351153549 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.